CIBC Private Wealth Group LLC Purchases 7,255 Shares of ONEOK, Inc. (NYSE:OKE)

CIBC Private Wealth Group LLC grew its position in ONEOK, Inc. (NYSE:OKEGet Rating) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,042,274 shares of the utilities provider’s stock after acquiring an additional 7,255 shares during the quarter. CIBC Private Wealth Group LLC owned 0.23% of ONEOK worth $61,244,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Brinker Capital Investments LLC lifted its position in shares of ONEOK by 5.5% in the 4th quarter. Brinker Capital Investments LLC now owns 15,703 shares of the utilities provider’s stock worth $923,000 after acquiring an additional 825 shares during the period. Retirement Planning Co of New England Inc. bought a new stake in shares of ONEOK in the 4th quarter worth approximately $91,000. Miramar Capital LLC raised its holdings in shares of ONEOK by 4.1% in the 4th quarter. Miramar Capital LLC now owns 139,326 shares of the utilities provider’s stock worth $8,187,000 after buying an additional 5,455 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of ONEOK by 4.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 42,557 shares of the utilities provider’s stock worth $2,501,000 after buying an additional 1,650 shares in the last quarter. Finally, Venture Visionary Partners LLC raised its holdings in shares of ONEOK by 7.0% in the 4th quarter. Venture Visionary Partners LLC now owns 4,541 shares of the utilities provider’s stock worth $266,000 after buying an additional 297 shares in the last quarter. Institutional investors own 64.90% of the company’s stock.

In other news, Director Mark W. Helderman sold 30,000 shares of the firm’s stock in a transaction on Thursday, March 3rd. The stock was sold at an average price of $67.27, for a total value of $2,018,100.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.63% of the stock is currently owned by company insiders.

Shares of OKE opened at $63.33 on Friday. The firm has a market capitalization of $28.28 billion, a price-to-earnings ratio of 18.85, a PEG ratio of 2.04 and a beta of 1.80. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.56 and a current ratio of 0.75. The business’s fifty day moving average price is $68.17 and its two-hundred day moving average price is $64.11. ONEOK, Inc. has a 52 week low of $48.51 and a 52 week high of $75.07.

ONEOK (NYSE:OKEGet Rating) last announced its quarterly earnings data on Monday, February 28th. The utilities provider reported $0.85 EPS for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.03). The firm had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $4.34 billion. ONEOK had a net margin of 9.07% and a return on equity of 25.14%. During the same quarter in the previous year, the business posted $0.69 earnings per share. As a group, research analysts forecast that ONEOK, Inc. will post 3.84 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 16th. Shareholders of record on Monday, May 2nd will be given a $0.935 dividend. The ex-dividend date of this dividend is Friday, April 29th. This represents a $3.74 dividend on an annualized basis and a yield of 5.91%. ONEOK’s payout ratio is 111.31%.

A number of brokerages have recently issued reports on OKE. Wells Fargo & Company increased their target price on ONEOK from $66.00 to $69.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 8th. Citigroup increased their target price on ONEOK from $60.00 to $62.00 and gave the stock a “neutral” rating in a report on Thursday, January 6th. Wolfe Research cut ONEOK from a “peer perform” rating to an “underperform” rating in a report on Monday, January 10th. StockNews.com began coverage on ONEOK in a report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Truist Financial raised their price target on ONEOK from $72.00 to $78.00 in a report on Thursday, March 3rd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $67.14.

ONEOK Company Profile (Get Rating)

ONEOK, Inc, together with its subsidiaries, engages in gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions.

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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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